Roth MKM analyst Chip Moore keeps a Buy rating and $102 price target on Itron ahead of its Q1 earnings next week. The firm remains positive on the company’s robust backlog visibility over the next couple of years and what it expects to be extended market tailwinds from infrastructure investments starting in 2025, the analyst tells investors in a research note. With supply chain challenges abating, the benefits of the company’s asset-light transition should also drive improving sentiment, the firm added.
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